• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • CRYPTOVSUMMIT, Dubai (May 10, 2023)
    • TMRW, Belgrade (May 12-14, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • WFIS, Nigeria (June 6-7, 2023)
    • Crypto Expo Asia, Singapore (June 7-8, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • CyFrica, Kenya (July 18-19, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Radical Finance Asia on May 28-31, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Crypto news in brief (November 14, 2018): IBM, Thailand, ethereum mining, Bosch, IOTA, GMO, VAKT

November 14, 2018 By Crypto Reporter

– IBM will promote blockchain and artificial intelligence (AI) technologies in Thailand
– Mining is no longer profitable for ethereum
– Bosch has partnered with IOTA
– GMO has reported a loss of 640 million yen (about $5.6 million) for its cryptocurrency mining business
– Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry

The Thailand branch of IBM will promote blockchain and artificial intelligence (AI) technologies within the country in collaboration with the Bank of Thailand in order to to help local businesses to digitally transform.

***

The business of mining new coins using high-powered computers is no longer profitable for ethereum.

The mining profit per month per one GPU is down from about $150 last summer, to an estimated $0 for November of this year, according to analysis from U.S.-based global trading and technology firm Susquehanna.

***

A survey among 200 logistics managers from German companies indicated that one third of respondents believe that blockchain technology has the potential to significantly improve business processess in supply chain management.

***

Electronics manufacturer Bosch has partnered with IOTA, integrating its new IoT device for real-time data collection with the decentralized IOTA Data Marketplace.

***

Japanese IT giant GMO has reported a loss of 640 million yen (about $5.6 million) for its cryptocurrency mining business in the third quarter of 2018. That figure is markedly worse than its Q2 loss of 360 million yen (around $3.2 million). GMO put the drop down to a “worsening” external environment and increasing depreciation costs.

The firm mined a total of 1,590 bitcoins and 25 bitcoin cash in Q3, according to its latest monthly crypto mining business report.

***

Oil industry giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry by the end of 2018.

The platform aims to help companies to move away from traditional and cumbersome paper-based trading contracts and operations documentation to digital smart contracts.

VAKT, the consortium building the platform, also include Equinor, Gunvor, ABN AMRO, Koch, ING, Mercuria and Societe Generale.

More news:

  • Former head of Argentina calls Ethereum one of the most valuable cryptocurrencies 
    Former head of Argentina calls Ethereum one of the most valuable cryptocurrencies 
    December 31, 2021
  • KPMG Canada adds bitcoin and ethereum to its balance sheet
    KPMG Canada adds bitcoin and ethereum to its balance sheet
    February 8, 2022
  • UAE is set to welcome crypto licensing 
    UAE is set to welcome crypto licensing 
    February 26, 2022
  • PayPal to launch its own crypto wallet 
    PayPal to launch its own crypto wallet 
    August 4, 2021
  • India to tax crypto and NFTs profits at 30%
    India to tax crypto and NFTs profits at 30%
    February 2, 2022
  • Uber to consider accepting crypto as payments 
    Uber to consider accepting crypto as payments 
    February 20, 2022

Filed Under: General News, News Tagged With: Bosch, cryptocurrency, Ethereum, GMO, IBM, IOTA, mining, news, news in brief, Thailand

Primary Sidebar

Follow Us

Press Releases

Filecoin (FIL) Price Prediction 2023: Don’t Miss Out on Avalanche (AVAX), Shiba Inu (SHIB), and Orbeon Protocol (ORBN)

March 30, 2023

TMS Network (TMSN) — Already Up By 1400% in Presale Represents Explosive Profit Potential Compared to ApeCoin (APE) and Shiba Inu (SHIB). Here’s Why.

March 30, 2023

Why Trading Pros Suggest Making the Move from VeChain (VET) and Flow (FLOW) to Collateral Network (COLT)

March 29, 2023

TMS Network (TMSN) Defies Crypto Giants, Eclipsing Shiba Inu (SHIB) and TRON (TRX) with Record-Breaking Start to 2023

March 29, 2023

Cobalt re-launches as CobaltFX, Digital Asset division to form new venture in Q2

March 28, 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

WFIS 2023

CyFrica 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter